UAE. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) is pleased to announce the implementation of enhancements to its Capital Market regime by introducing a Remote Membership framework as well as various other amendments.

This follows the successful completion of a public consultation on the proposals on 2 January 2018.

By enabling brokers located outside of the ADGM to access exchanges and clearing houses located within ADGM, the ADGM Remote Membership framework will expand the pool of international investor participation, facilitate cross-border flows and increase liquidity for ADGM’s capital market.

With regards to other key amendments, these include simplifying transaction reporting requirements for ADGM firms and clarifying the availability and constraints of the price stabilisation regime permitted by the Markets Rules.

In addition, amendments have been made to naming conventions in order to clarify distinction between ADGM-based exchanges and clearing houses compared to remote exchanges and clearing houses.

About Abu Dhabi Global Market Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global centre for business and finance and serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

It enables registered financial institutions, companies and entities to operate, innovate and success within an international regulatory framework based on Common Law. Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for two consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.*

For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket and Linkedin : ADGM

* Source : The Global Investor Middle East and North Africa (MENA) Awards

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

UAE. 5G comes with sophisticated software that affects all parts of the network; It is a whole new business system that enables service providers to respond to the massive demand fueled by the Internet of Things (IoT) and digitalization trend in a profitable way.

UAE. 5G comes with sophisticated software that affects all parts of the network; It is a whole new business system that enables service providers to respond to the massive demand fueled by the Internet of Things (IoT) and digitalization trend in a profitable way.